In january 2012 the management of stefan company concludes

Reference no: EM13589677

In January 2012, the management of Stefan Company concludes that it has sufficient cash to permit some short-term investments in debt and stock securities. During the year, the following transactions occurred.

Feb. 1		Purchased 400 shares of Superior common stock for $21,200, plus brokerage fees of $470.
Mar. 1		Purchased 630 shares of Pawlik common stock for $16,380, plus brokerage fees of $350.
Apr. 1		Purchased 40 $1,200, 8% Venice bonds for $48,000, plus $1,300 brokerage fees. Interest is payable semiannually on April 1 and October 1.
July 1		Received a cash dividend of $0.55 per share on the Superior common stock.
Aug. 1		Sold 100 shares of Superior common stock at $65 per share less brokerage fees of $170.
Sept. 1		Received a $2 per share cash dividend on the Pawlik common stock.
Oct. 1		Received the semiannual interest on the Venice bonds.
Oct. 1		Sold the Venice bonds for $48,000 less $1,300 brokerage fees.

At December 31, the fair value of the Superior common stock was $55 per share. The fair value of the Pawlik common stock was $25 per share.

Reference no: EM13589677

Questions Cloud

How many moles of h2 gas would be formed from the : water can be separated into hydrogen and oxygen gases by using electricity to break the bonds in a process called

The alberts are considering buying another house their : the alberts are considering buying another house. their mortgage payments would increase by 500 to 1500 per month which

The file lsquoenergy contains the per capita energy : the file lsquosuv contains the overall miles per gallon mpg of 2010 family suvs.a compute the mean median and the

Wen a sample of h2sg 9811 mol is placed in 1800 l : when a sample of h2sg 9.811 mol is placed in 180.0 l reaction vessel at 724.0 k and allowed to come to equilibrium the

In january 2012 the management of stefan company concludes : in january 2012 the management of stefan company concludes that it has sufficientnbspnbspcash to permit some short-term

Sarah jones the manager of the teen division of ellen : sarah jones the manager of the teen division of ellen clothing company was evaluating the acquisition of a new

Several mba groups participate in team adventures during : several mba groups participate in team adventures during june. great adventures charges 23400 to these groups with

The value of x currently is 50 but there is an opportunity : barbara miller makes decisions according to bayes decision rule. for her current problem barbara has constructed the

Clculate the concentration of the hydronium ion in a 3433 : question calculate the concentration of the hydronium ion in a 3.433 10-2 m solution of potassium perchlorate acid to

User Account

All Pages